We must take action now to avoid a future crisis in
the subprime auto lending industry that preys on those who could least afford it,» said Senator Hamilton, Chair, Senate Committee on Banks.
«The consumer credit markets have been functioning extremely well the last few years, but an increase in
subprime lending has begun to impact delinquency levels for some
industries, specifically the
auto finance and credit card markets,» said TransUnion's Nidhi Verma in a news release.